Positioning Retail Real Estate for a New Generation

January 25, 2017

  • Posted on:  Wednesday, 01 February 2017 15:58
  • Written by 
Rate this item
(0 votes)

Levin Management Awarded Two N.J. Shopping Center Assignments

Firm Expands Management Portfolio with Properties in Freehold, Hackettstown

NORTH PLAINFIELD, N.J., Jan. 25, 2017 – Commercial real estate services firm Levin Management Corporation (LMC) has been named exclusive managing agent for two New Jersey shopping centers totaling 290,000 square feet, and located in Freehold Township and Hackettstown. The significant assignments – awarded on behalf of an existing LMC client – underscore the strength of the company’s long-time client relationships, according to Robert Carson, executive vice president.

In Freehold Township, LMC will exclusively manage Raintree Towne Center, a 134,000-square-foot property situated on heavily traveled Route 537. Anchored by a Stop & Shop supermarket, the Monmouth County center also includes CVS Pharmacy, Starbucks and a Hallmark store. Raintree Towne Center is located near CentraState Medical Center and Freehold Raceway Mall, proximate to major highways including routes 9 and 33.

LMC also was named exclusive managing agent for Mansfield Plaza in Warren County’s Hackettstown. The 156,000-square-foot shopping center, located on Route 57, is anchored by a high-volume ShopRite supermarket and features a tenant mix that includes discount store Dollar Tree and a 14-screen Cinepolis movie theater.

These key assignments demonstrate how LMC continues to grow by continually exceeding clients’ expectations, noted Carson. “We’ve been managing shopping centers on behalf of this client for more than 15 years,” he said. “It was because of this relationship – and the client’s satisfaction and trust in LMC – that we were selected to manage these two properties. We intend to apply our proven management standards to all aspects of these centers’ operation in order to further maximize both properties’ response to tenants and curb appeal.”

LMC is celebrating its 65th anniversary in 2017, and continues to grow its leasing and management portfolio. The firm was awarded several new assignments over the past year, most recently including a shopping center in Delran, N.J. LMC also was retained to continue its role following ownership changes at properties in Flemington, N.J., and Pottsville, Pa.

LMC is a trusted single-source commercial real estate services provider for institutional and private owners. The firm helps its clients evaluate options, operate properties and create case-specific solutions to protect and improve asset value. LMC today maintains a diversified, retail-focused portfolio of approximately 95 properties totaling 13 million square feet in the Northeast and Mid-Atlantic states, offering leasing, property management, accounting, construction management and marketing. LMC’s services continue to evolve with new technologies, efficiencies and sustainability-focused initiatives to serve a new generation of properties, investors and tenants.

Read 1672 times Last modified on Wednesday, 01 February 2017 18:56